GBPUSD Analysis.
GBPUSD broke below the lower border of the price channel on 4-hour chart, suggesting that a cycle top has been formed at 1.6017 level. Deeper decline to test 1.5669 key support could be seen, a breakdown below this level will indicate that the rise from 1.5296 has completed, then the following downward move could bring price to 1.5200 area.
USDCAD Analysis.
USDCAD moves sideways in a range between 1.0062 and 1.0232 and the price action in the trading range is treated as consolidation of downtrend, one more fall to 1.0000 area would more likely be seen later today. Key resistance is at 1.0232, only a break above this level will indicate that the fall from 1.0672 is complete.
EURUSD Analysis.
EURUSD formed a cycle top at 1.4029 level on 4-hour chart. Range trading between 1.3637 and 1.4029 is expected in a couple of days. As long as 1.3637 key support holds, the fall from 1.4029 is treated as consolidation of uptrend, another rise to 1.4200 is still possible.
AUDUSD Analysis.
AUDUSD stays above the trend line from 0.8860 to 0.9541 and remains in uptrend, the fall from 0.9916 is more likely consolidation of uptrend. As long as the trend line support holds, another rise towards 1.0000 area is still possible.
USDCHF Analysis.
USDCHF has reached 0.9555 support, suggesting that a cycle top has been formed at 0.9727 on 4-hour chart. Another fall to 0.9400 could be seen in a couple of days. Resistance is now at 0.9727, only break above this level could indicate that lengthier consolidation of downtrend is underway.
USDJPY Analysis.
USDJPY stays in a falling price channel and remains in downtrend from 85.92, and the rise from 81.55 is more likely consolidation of downtrend. As long as the channel resistance holds, another fall to 81.00 is still possible.
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